US Treasury Approves Square as Coronavirus Stimulus Lender
Square, the bitcoin-friendly company behind Cash App, announced Monday it is participating in the U.S. government’s emergency Paycheck Protection Program.
“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda.
A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions.
UK fintech bank Revolut will give its customers legal ownership over their cryptocurrencies next month, but will limit how they can spend those coins.
The banks will be joined by representatives from big business and the government to lay out how to create shared digital payments system.
Russians have been withdrawing vast amounts of cash after President Putin announced new coronavirus measures.